A recent report has come out that the Indian paint market which was around Rs 40,300 crore in 2014-15 is expected to reach Rs 70,875 crores by 2019-2020. The decorative paint market is expected to witness CAGR of 12.7% while industrial paint market is expected to witness CAGR of 9.5% by 2020. The split of the decorative paint market to industrial market is around 75-25. “Decorative Paint market size in India was Rs 30,385 crore and the Industrial Paint was Rs 9,915 crore in FY 2014-15.